The Economic Collapse

When one of my readers sent me a photo of egg prices at a store in western Washington state, I could hardly believe what I was seeing.  I clearly remember when I could purchase a carton of quality eggs at the grocery store for just 99 cents, but thanks to inflation and a bird flu crisis that never seems to end, those days are long gone.  Now it is common to pay five, six, seven or even eight dollars for a carton of eggs.  In fact, it probably won’t be too long before we crack the ten dollar barrier.  In the old days, eggs were considered to be a very inexpensive way to feed your family, but now eggs prices have gone completely insane. (Read More...)

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag.  The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election.  But as we approach 2025, things are starting to get frighteningly bad.  When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen.  Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented… (Read More...)

Have things been getting better for the middle class, or have things been getting worse?  Needless to say, the answer to that question is obvious.  The cost of living is absolutely crushing us, we can’t afford to replace our rapidly aging vehicles, debt levels are exploding, and the proportion of the country that is living paycheck to paycheck has been steadily rising.  Our economy is a mess, and America’s middle class is getting smaller and smaller.  Sometimes I feel like I am watching a very tragic version of musical chairs.  If you are still holding on to your chair, you should be very thankful, because more people are slipping out of the middle class and into poverty with each passing day. (Read More...)

Are you ready for economic conditions to get even worse in 2025?  It would be difficult to find any economist that is willing to argue that global economic conditions are better in late 2024 than they were in late 2023.  The Chinese economy is deeply struggling, Europe is a mess, and four years of Bidenomics have had an absolutely devastating impact here in the United States.  Unfortunately, the outlook for 2025 is not good at all.  In fact, a WEF survey that was just released discovered that global business leaders are very concerned that a global recession is approaching… (Read More...)